Friday, February 9, 2018

Italpinas Development Corporation (IDC)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Italpinas Development Corporation (IDC)
Sector
Small, Medium & Emerging Board
Incorporation Date
26-JAN-2009
Subsector
Small, Medium & Emerging Board
Number of employees
Board of Directors
Chairman: Romolo Nati
Website / E-mail
www.italpinas.com / investors@italpinas.com
2. Stock Information
Total Assets
848,362,099
Market Capitalization
2,278,241,264.00
Total Liabilities
480,893,713
Outstanding Shares
221,618,800
Retained Earnings
99,890,020
Listed Shares
221,618,800
Listing Date
Dec 07, 2015
Issued Shares
221,618,800
Board Lot
100
Free Float Level (%)
27.56%
Par Value
0.5
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Jose D. Leviste
Romolo Nati
33.76%
30.24%
4. Company Descriptions and Business Development
Notes
1.
Overview
It is founded by a talented professional Italian Architect, Romolo V. Nati.  It is engaged in the business of real estate development using knowledge in architectural design, market and demographic strategy, project development, and sales. The Company is registered with the BOI as a new developer of low-cost mass housing project.


Business
Revenue contribution in 2016
Primavera Residences
Primavera City
Miramonti
56,642
299,261

15.92%
84.08%

Primavera City is a real estate project comprised of seven mixed-use residential and commercial buildings located in Cagayan De Oro City.
Miramonti is a mixed-use mid- to high-rise development featuring the Company’s ecofriendly design philosophy that will be strategically located in Batangas City.

Subsidiaries / Associates / Affiliates / Joint Ventures
Constellation Energy Corporation (CEC, 25%) is engaged in the development of renewable energy facilities.

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MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...